Is TIGR's Q1 2025 forecast signaling continued growth?

UP Fintech Holding Ltd (TIGR) is poised for continued growth, as indicated by several key performance indicators and market trends:

1. Recent Financial Performance: TIGR reported substantial growth in the fourth quarter of 2024, with a 77.3% year-over-year increase in revenue, reaching $124.1 million. The full-year revenue rose by 43.7% to $391.5 million. Net income for Q4 2024 was $28.1 million, a significant improvement from a net loss in the same period last year.
2. Strategic Focus and Market Position: The company's strategic focus on expanding its customer base and enhancing its product offerings, such as the integration of AI technology, has paid off. TIGR's cryptocurrency platform receiving approval from the Hong Kong Securities and Futures Commission is a positive highlight.
3. Global Expansion and Account Growth: TIGR has achieved significant growth in global account openings, with 81,300 new accounts in Q4, a 70.1% year-over-year increase. The total number of customers with deposits reached 1,092,000, a 20.7% increase compared to 2023.
4. Analyst Expectations and Institutional Confidence: Analysts expect TIGR to report a 38.6% increase in revenue to $97 million for the quarter ending December 31, 2024, according to one estimate. Institutional investors have also shown confidence, with several recent investments and increased holdings in the company.
5. Price Target and Analyst Ratings: The median 12-month price target for TIGR is $8.55, above its last closing price of $7.01. The current average analyst rating is "hold," with a breakdown of recommendations that includes "strong buy" and "buy" designations.

In conclusion, TIGR's Q1 2025 forecast is signaling continued growth, based on the company's strong financial performance, strategic market positioning, and positive analyst expectations.